Financial Accounts of the United States - Z.1
S.3.a Households and nonprofit institutions serving households
Billions of dollars
| Line | Description | Series | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current account | ||||||||||
| Line 1 | Gross value added | FA156902505 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 2 | Less: Consumption of fixed capital | FA156300003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 3 | Equals: Net value added | FA156902605 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 4 | Compensation paid by households and NPISHs | FA156025005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 5 | Wages and salaries | FA156020001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 6 | Employers' social contributions | FA156401001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 7 | Taxes on production and imports less subsidies | FA156240101 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 8 | Operating surplus, net | FA156402101 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 9 | Net national income/Balance of primary incomes, net | FA156140005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 10 | Operating surplus, net | FA156402101 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 11 | Compensation of employees (received) | FA156025105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 12 | Wages and salaries | FA156020101 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 13 | Employers' social contributions | FA156401101 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 14 | Property income (received) | FA156150105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 15 | Interest | FA156130101 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 16 | Distributed income of corporations | FA156120105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 17 | Dividends | FA156121101 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 18 | Withdrawals from income of quasi-corporations1 | FA156122101 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 19 | Less: Uses of property income (interest paid) | FA156130001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 20 | Net national income/Balance of primary incomes, net | FA156140005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 21 | Less: Current taxes on income, wealth, etc. (paid) | FA156220001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 22 | Plus: Social benefits (received) | FA156404105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 23 | Less: Social contributions (paid) | FA156600001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 24 | Plus: Other current transfers (received) | FA156403101 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 25 | Less: Other current transfers (paid) | FA156403001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 26 | Equals: Disposable income, net | FA156012095 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 27 | Less: Final consumption expenditures | FA156901001 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 28 | Equals: Net saving | FA156006005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Capital account | ||||||||||
| Line 29 | Net saving less capital transfers | FA156006315 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 30 | Net saving | FA156006005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 31 | Less: Capital transfers paid (net) | FA155440005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 32 | Capital formation, net | FA155050905 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 33 | Gross fixed capital formation, excluding consumer durables | FA155019005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 34 | Residential | FA155012005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 35 | Nonresidential (nonprofit organizations) | FA165013005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 36 | Less: Consumption of fixed capital | FA156300003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 37 | Acquisition of nonproduced nonfinancial assets | FA155420003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 38 | Net lending (+) or borrowing (-), capital account (lines 29-32) | FA155000905 | -- | -- | -- | -- | -- | -- | -- | -- |
| Financial account | ||||||||||
| Line 39 | Net lending (+) or borrowing (-) (line 38) | FA155000905 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 40 | Net acquisition of financial assets | FA154090005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 41 | Currency and deposits | FA154000005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 42 | Currency and transferable deposits | FA153020005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 43 | Time and savings deposits | FA153030005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 44 | Other deposits | FA153030505 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 45 | Debt securities | FA154022005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 46 | Treasury securities | FA153061105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 47 | Agency- and GSE-backed securities2 | FA153061705 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 48 | Municipal securities | FA153062005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 49 | Corporate and foreign bonds | FA153063005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 50 | Loans | FA154023005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 51 | Short term | FA154041005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 52 | Long term (mortgages) | FA153065005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 53 | Equity and investment fund shares | FA153081005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 54 | Corporate equities | FA153064105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 55 | Mutual fund shares | FA153064205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 56 | Money market fund shares | FA153034005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 57 | Equity in noncorporate business | FA152090205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 58 | Equity investment under Public-Private Inv. Program3 | FA153094305 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 59 | Insurance, pension and standardized guarantee schemes | FA153052005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 60 | Insurance receivables due from property-casualty insurance companies | FA153076005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 61 | Life insurance reserves | FA153040005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 62 | Pension entitlements4 | FA153050005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 63 | Non-life insurance reserves at life insurance companies | FA153095105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 64 | Retiree Health Care Funds | FA313195105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 65 | Other accounts receivable | FA163096005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 66 | Net incurrence of liabilities | FA154190005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 67 | Debt securities (municipals) | FA163162003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 68 | Loans | FA154123005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 69 | Short term | FA154141005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 70 | Consumer credit | FA153166000 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 71 | Depository institution loans n.e.c. | FA153168005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 72 | Other loans and advances | FA153169005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 73 | Long term (mortgages) | FA153165005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 74 | Insurance, pension and standardized guarantee schemes | FA543077073 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 75 | Other accounts payable (trade debt) | FA163170005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Addendum: | ||||||||||
| Line 76 | Net lending (+) or borrowing (-), financial account (lines 40-66) | FA155000005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Other changes in volume account | ||||||||||
| Line 77 | Total other volume changes | FV158090185 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 78 | Net investment in consumer durable goods | FU155111005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 79 | Disaster losses | FV152010005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 80 | Other volume changes | FV158090085 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 81 | Less: Statistical discrepancy (lines 38-76)5 | FU157005045 | -- | -- | -- | -- | -- | -- | -- | -- |
| Revaluation account | ||||||||||
| Line 82 | Nonfinancial assets | FR152010005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 83 | Real estate | FR155035005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 84 | Equipment | FR165015205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 85 | Intellectual property products | FR165013765 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 86 | Consumer durable goods | FR155111005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 87 | Financial assets | FR154090005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 88 | Currency and deposits | FR154000005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 89 | Debt securities | FR154022005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 90 | Corporate equities | FR153064105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 91 | Mutual fund shares | FR153064205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 92 | Equity in noncorporate business | FR152090205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 93 | Equity investment under Public-Private Inv. Program | FR153094305 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 94 | Insurance, pension and standardized guarantee schemes | FR153052005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 95 | Changes in net worth due to nominal holding gains/losses | FR152090005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Changes in balance sheet account | ||||||||||
| Line 96 | Change in net worth (lines 32+38+77+95) | FC152090005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Balance sheet account (end of period) | ||||||||||
| Line 97 | Total assets | FL152000005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 98 | Nonfinancial assets | LM152010005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 99 | Real estate | LM155035005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 100 | Consumer durable goods | LM155111005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 101 | Equipment | LM165015205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 102 | Intellectual property products | LM165013765 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 103 | Financial assets | FL154090005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 104 | Currency and deposits | FL154000005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 105 | Currency and transferable deposits | FL153020005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 106 | Time and savings deposits | FL153030005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 107 | Other deposits | LM153030505 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 108 | Debt securities | LM154022005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 109 | Treasury securities | LM153061105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 110 | Agency- and GSE-backed securities2 | LM153061705 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 111 | Municipal securities | LM153062005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 112 | Corporate and foreign bonds | LM153063005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 113 | Loans | FL154023005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 114 | Short term | FL154041005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 115 | Long term (mortgages) | FL153065005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 116 | Equity and investment fund shares | FL153081005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 117 | Corporate equities | LM153064105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 118 | Mutual fund shares | LM153064205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 119 | Money market fund shares | FL153034005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 120 | Equity in noncorporate business | LM152090205 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 121 | Equity investment under Public-Private Inv. Program3 | LM153094305 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 122 | Insurance, pension and standardized guarantee schemes | FL153052005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 123 | Insurance receivables due from property-casualty insurance companies | FL153076005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 124 | Life insurance reserves | FL153040005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 125 | Pension entitlements4 | FL153050005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 126 | Non-life insurance reserves at life insurance companies | FL153095105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 127 | Retiree Health Care Funds | FL313195105 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 128 | Other accounts receivable | FL163096005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 129 | Total liabilities and net worth | FL152100005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 130 | Liabilities | FL154190005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 131 | Debt securities (municipals) | FL163162003 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 132 | Loans | FL154123005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 133 | Short term | FL154141005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 134 | Consumer credit | FL153166000 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 135 | Depository institution loans n.e.c. | FL153168005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 136 | Other loans and advances | FL153169005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 137 | Long term (mortgages) | FL153165005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 138 | Insurance, pension and standardized guarantee schemes | FL543077073 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 139 | Other accounts payable (trade debt) | FL163170005 | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 140 | Net worth | FL152090005 | -- | -- | -- | -- | -- | -- | -- | -- |
Notes:
- Consists of rental income of tenant-occupied housing and proprietors' income. Quasi-corporations are unincorporated enterprises that function as if they were corporations; they primarily cover their operating costs through sales, and they keep a complete set of financial records.
- Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System, the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in the 2004:Q4.
- Funds invested by financial institutions such as domestic hedge funds through the Public-Private Investment Program (PPIP).
- Includes variable annuities, including those in IRAs, at life insurance companies.
- The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy reflects differences in source data, timing of recorded transactions, and other statistical differences between the capital and financial accounts.
Last Update: March 9, 2026